Comes by into this morning I had one of those twice per year gut feelings that a turn is coming. I had been busy (day job) and four minutes before the markets closed I purchased 10 $SPX sept 2850 puts @ 23.50.
Just now I re-logged into my account I see those same puts closed at 25.85! Options are a discounting mechanism.
This market grind down tomorrow. For how long and the extent I have no idea. A turn is at hand...
Holy Cow
Started by
cycletimer
, Aug 21 2018 04:12 PM
2 replies to this topic
#2
cycletimer
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Posted 21 August 2018 - 05:46 PM
There was a typo! I hate typos but I was typing this from my iphone! "comes by into this morning" Should have read "I came into this morning..."
#3
cycletimer
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Posted 22 August 2018 - 08:32 AM
Exited the puts @ 26.30
